Cinemark (NYSE:CNK) Reaches New 1-Year High at $21.76 (2024)

Shares of Cinemark Holdings, Inc. (NYSE:CNK - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $21.76 and last traded at $21.71, with a volume of 201745 shares. The stock had previously closed at $21.62.

Wall Street Analysts Forecast Growth

CNK has been the topic of a number of research reports. Benchmark restated a "buy" rating and issued a $23.00 price target on shares of Cinemark in a report on Monday. Wells Fargo & Company raised shares of Cinemark from an "underweight" rating to an "overweight" rating and raised their price target for the stock from $13.00 to $23.00 in a research note on Friday, April 5th. StockNews.com lowered shares of Cinemark from a "hold" rating to a "sell" rating in a research report on Thursday, May 30th. B. Riley raised their target price on shares of Cinemark from $14.00 to $16.00 and gave the company a "neutral" rating in a research report on Friday, May 3rd. Finally, Barrington Research reissued an "outperform" rating and set a $24.00 price target on shares of Cinemark in a research report on Monday, June 17th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $21.33.

Check Out Our Latest Report on CNK

Cinemark Price Performance

The company has a quick ratio of 1.45, a current ratio of 1.48 and a debt-to-equity ratio of 7.42. The company's 50 day moving average is $18.07 and its 200 day moving average is $16.74. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 14.96, a P/E/G ratio of 2.02 and a beta of 2.36.

Cinemark (NYSE:CNK - Get Free Report) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of ($0.21) by $0.40. The company had revenue of $579.00 million during the quarter, compared to the consensus estimate of $561.91 million. Cinemark had a net margin of 7.12% and a return on equity of 69.48%. The firm's quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the business earned ($0.03) earnings per share. On average, equities research analysts anticipate that Cinemark Holdings, Inc. will post 1.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cinemark

A number of large investors have recently modified their holdings of CNK. NBC Securities Inc. grew its stake in shares of Cinemark by 17.2% during the fourth quarter. NBC Securities Inc. now owns 4,764 shares of the company's stock worth $67,000 after buying an additional 700 shares during the last quarter. Algert Global LLC acquired a new position in Cinemark in the 3rd quarter worth about $222,000. Inspire Advisors LLC acquired a new stake in shares of Cinemark during the first quarter valued at about $240,000. Virtu Financial LLC bought a new stake in shares of Cinemark during the fourth quarter worth about $192,000. Finally, Mackenzie Financial Corp bought a new position in Cinemark in the 4th quarter valued at approximately $210,000.

About Cinemark

(Get Free Report)

Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. As of February 16, 2024, it operated 501 theatres with 5,719 screens in 42 states and 13 countries in South and Central America. Cinemark Holdings, Inc was founded in 1984 and is headquartered in Plano, Texas.

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